| CERTIFICATE IV IN FINANCIAL SERVICES (FNS40107) |
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This program is a national standard qualification for supervisory positions in Financial Management. The Certificate qualifies you to administer financial operations and monitor financial compliance.
Completion of this qualification will equip you to:
- work in financial services and promote client service;
- lead a team;
- administer financial operations at a senior officer level.
This Certificate has been designed to thoroughly prepare students for a career in financial management - the course will give participants a detailed grounding in a broad range of financial industry roles. |
Job Roles
The specialist qualifications are in the following areas:
- bookkeeping
- insurance assessment services
- insurance services.
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| Note: the minimum age of enrolment for this course is 18 years of age. |
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| 13 units are required for the qualification (4 core units and 9 elective units): |
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FNSICIND401B (Core) Apply principles of professional practice to work in the financial services industry |
This unit covers the fundamental skills needed for employment and the application of industry and company procedures, guidelines, policies and standards in a daily work context within the financial services industry. |
- Identify the scope, sectors and responsibilities of the industry
- Identify and apply financial services industry guidelines, procedures and legislation
- Manage information
- Plan work to be completed taking into consideration time, resources and other constraints
- Develop and maintain personal competency
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| FNSICGEN301B (Core) Communicate in the workplace |
This unit covers the fundamental communication skills needed to work in any sector of the finance industry. It includes the skills needed for interacting with customers, internal and external, and for giving, receiving and recording information. |
- Use a range of techniques to gain workplace information
- Communicate information to others using a range of techniques
- Interact with others to achieve workplace outcomes
- Record workplace information as required
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| FNSICGEN302B (Core) Use technology in the workplace |
This unit covers using computers and associated devices and office technology to achieve outcomes required in the workplace. |
- Clarify the function that the equipment fulfils
- Access and enter information from/into the computer
- Save files/data and produce computer reports as required
- Use manuals and online help to solve computing problems
- Undertake routine maintenance of computers and associated devices
- Use and maintain other workplace equipment
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| FNSICGEN304B (Core) Apply health and safety practices in the workplace |
This unit covers the competency to work safely in the in the financial services industry and follow sound occupational health practices at work. |
- Follow workplace safety procedures
- Contribute to occupational health and safety at work
- Identify and follow workplace procedure for hazard control and other emergency situations
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| FNSFPLN401B (Elective) Extract and analyse information on specified financial strategies & products to set guidelines |
This unit describes the functions involved in researching information on specified financial products and strategies for use in the financial planning process. |
- Interpret research requirements
- Research financial products and strategies to set guidelines
- Summarise research information and contribute to recommendations
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| FNSFPLN402B (Elective) Prepare financial plans to set strategies and guidelines |
| This unit describes the functions involved in determining and preparing a financial plan according to organisational guidelines, where clients' preferred strategies and key parameters have already been established by a qualified financial planner. |
- Confirm plan objectives and scope
- Test strategic assumptions
- Develop financial plan to set strategy
- Review and settle draft strategy and options according to organisational guidelines
- Develop preliminary financial plan
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| FNSACCT401B (Elective) Process business tax requirements |
This unit covers the competency to maintain the taxation accounting records and process lodgements and returns in accordance with Australian Taxation Office (ATO) requirements, excluding income tax. |
- Maintain accounting records for taxation purposes
- Establish and maintain a process for managing business tax returns
- Process business tax returns and lodgements
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| FNSACCT404B (Elective) Make decisions within a legal context |
This unit covers the competency to work and make appropriate decisions within a legal context. |
- Identify the main roles and responsibilities of the key bodies in the legal system
- Identify compliance requirements
- Develop procedures to ensure compliance
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| FNSICADV301B (Elective) Provide general advice on financial products and services |
This unit describes the functions involved in identifying boundaries on the provision of general advice on financial products and services and appropriate approaches to providing such advice. |
- Establish relationship with client.
- Identify client needs
- Identify general advice boundaries of product/service
- Provide general advice to client.
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| FNSASIC301B (Elective) Establish client relationship and analyse needs |
| This unit has been specifically designed to, when combined with FNSASIC302B, satisfy the skills requirements of current Australian Securities and Investment Commission (ASIC) regulation (Financial Services Reform Act) at Tier 2 level. |
- Establish relationship with client
- Identify clients objectives, needs and financial situation
- Analyse client objective, needs, financial situation and risk profile
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| FNSASIC302B (Elective) Develop, present and negotiate client solutions |
| This unit has been designed to, when combined with FNSASIC301B, satisfy the skills requirements of current Australian Securities and Investment Commission (ASIC) regulation (Financial Services Reform Act) at Tier 2 level. |
- Develop appropriate strategies and solutions
- Present appropriate strategies and solutions to the client
- Negotiate financial plan/policy/transaction with client
- Coordinate implementation of agreed plan/policy/transaction
- Complete and maintain necessary documentation
- Provide ongoing service where requested by client
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| BSBITU402A (Elective) Develop and use complex spreadsheets |
| This unit describes the performance outcomes, skills and knowledge required to use spreadsheet software to complete business tasks and to produce complex documents. |
- Prepare to develop spreadsheet
- Develop a linked spreadsheet solution
- Automate and standardise spreadsheet operation
- Use spreadsheets
- Represent numerical data in graphic form
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| BSBFIA301A (Elective) Maintain financial records |
| This unit describes the performance outcomes, skills and knowledge required to maintain financial records for a business. It includes maintaining daily financial records such as reconciling debtors' and creditors' systems, preparing and maintaining a general ledger, and preparing a trial balance. It also includes activities associated with monitoring cash control for accounting purposes. |
- Maintain daily financial records
- Maintain general ledger
- Monitor cash control
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